New ITCO president

The industry continues to be dominated on a global level by a relatively small number of major tank container operators and leasing companies.

The latest ITCO survey shows growth in the global tank container fleet, but fewer new units were built last year.

Tank container lessors have enjoyed strong growth this century, but the slowdown of the world economy has exposed overcapacity in the sector.

After a period of steadily growing output, tank container manufacturers may have to be more cautious in the immediate future.

Short-term oversupply is putting pressure on tank container lease rates.

After another year of strong growth for the global tank container operator sector, fierce competition and faltering economies could spark some consolidation in 2015.